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History, Spatial Structure, and Regional Growth: Lessons for Policy Making

  • Gunther Maier
Part of the Advances in Spatial Science book series (ADVSPATIAL)

Abstract

In recent years, we have seen some fundamental developments in economic theory concerning the understanding of economic growth. The traditional growth theory, which is based on the famous Solow-model (Solow, 1956), was replaced by a set of models and arguments that are commonly known as “new growth theory”. These developments are fundamental in the sense that they demonstrate that some of the basic assumptions of the traditional growth theory — and most of neo-classical economic theory in general — are inconsistent with basic phenomena of the modern economy, and that they attempt to overcome these assumptions.

Keywords

Spatial Structure Capital Stock Path Dependence Labor Input Growth Theory 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin · Heidelberg 2011

Authors and Affiliations

  • Gunther Maier
    • 1
  1. 1.Institute for Urban and Regional StudiesVienna University of Economics and Business AdministrationViennaAustria

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